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Coke revenue rises along with prices; ups outlook for 2022
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Cans of Coca-Cola are on display at a grocery market in Uniontown, Pa, on Sunday, April 24, 2022. Coca-Cola posted higher-than-expected sales in the second quarter, Tuesday, July 26, due to price increases and continuing improvement in demand at restaurants and other venues. The Atlanta-based company said revenue grew 12% in the April-June period to $11.3 billion. - photo by AP Photo/Gene J. Puskar
The Coca-Cola Co. posted strong sales in the second quarter due to price increases and rising demand from restaurants and other venues. The company also raised its revenue expectations Tuesday, saying that it now expects organic revenue growth of between 12% and 13%. That's up from earlier projections of a 7% to 8% increase.